Worldcoin Completes Migration to OP Mainnet and Plans to Expand World ID Sign-Ups in 35 Cities Worldwide

Key Takeaways

• Worldcoin Project Migrates to OP Mainnet: The Worldcoin Foundation has successfully completed the migration of the Worldcoin project to the OP Mainnet, marking a significant milestone in the development of their decentralized identity and financial network.
• Expansion of World ID Sign-Ups: The Foundation plans to scale Orb sign-ups for World ID in over 35 cities across 20 countries globally. World ID is a privacy-preserving digital identity solution designed to address the lack of legally verifiable identities for billions of people worldwide.
• Worldcoin Token (WLD) Distribution: The Worldcoin token (WLD) has been minted and released to eligible participants who took part in the beta phase. This digital currency is now transactable on the blockchain, aiming to increase economic participation and access to essential services for users.
• Tools for Humanity’s World App: The technology company, Tools for Humanity (TFH), has introduced an updated version of the World App. This protocol-compatible wallet allows individuals to reserve their share of the WLD digital currency in compliance with relevant laws.
• Global Economic Implications: The Worldcoin project aspires to unlock and distribute the potential economic benefits of AI in a privacy-preserving and decentralized manner. If successful, it could significantly increase economic opportunity, enable democratic processes, and even provide a potential path for AI-funded universal basic income (UBI).

The Worldcoin Foundation today announced that it has completed the migration of the Worldcoin project to the OP Mainnet and introduced plans to expand Orb sign-ups for World ID in more than 35 cities across 20 countries. They have also released the World ID SDK. Additionally, World Assets Ltd., a subsidiary of the Foundation, has minted and released the Worldcoin token (WLD) to eligible participants from the beta phase, making it transactable on the blockchain.

Tools for Humanity (TFH), a technology company building on the Worldcoin network, has released an updated version of the World App, the first protocol-compatible wallet that allows individuals to reserve their share of the WLD digital currency where permitted by law.

The Worldcoin project aims to provide privacy-preserving and decentralized proof of personhood to anyone in the world, regardless of background, geography, or income, to enable access to the global digital economy and essential services like government aid, financial services, and healthcare. It seeks to address the issue of the estimated 4.4 billion people worldwide lacking a legally verifiable identity.

The Worldcoin protocol includes World ID, a privacy-preserving digital identity system, the Worldcoin token (WLD) distributed to unique humans, and the World App, which enables global payment, purchases, and transfers using digital assets and stablecoins.

The Worldcoin Foundation’s mission is to create more inclusive, fair, and just institutions of governance and the global digital economy, aligning with certain targets of the U.N. Sustainable Development Goal 16.

Worldcoin is increasing access to World ID by introducing 1.5K additional Orbs, a custom biometric imaging device used to verify humanness and uniqueness in a secure and privacy-preserving manner. This expansion will enable millions of new users to sign up for World ID in various cities globally. The availability of Orbs will be expanded to 35+ cities in 20+ countries across five continents by the end of 2023.

List of cities where Orbs will be available by the end of 2023

See below for the complete list of cities and countries across five continents where Orbs will be available by the end of 2023. The list includes cities in which Orbs are currently available and those that will have Orbs available between now and the end of the year. Worldcoin said that additional cities may be added in the future.

Worldcoin Foundation’s Board of Directors, said: “The aim of the Worldcoin Foundation is both philosophical and political: to realize more inclusive, fair and just institutions of governance and of the global digital economy, including by helping achieve certain targets of U.N. Sustainable Development Goal 16 (namely, 16.4, 16.5, 16.6, 16.7 and 16.9). This aim is shared by those who contribute to or have regular contact with the Worldcoin projects.”

Read Also: Sam Altman’s Worldcoin Records 2 Million Users

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• Source: https://alexablockchain.com/worldcoin-plans-world-id-sign-ups-in-35-cities-worldwide/